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Regulator tells KB Securities to give retail investors 70% compensation for Lime losses
Posted : 2020-12-31 16:05
By Anna J. Park
The Financial Supervisory Service's (FSS) dispute settlement committee decided Thursday that KB Securities ― one of the sellers of the problematic Lime fund products that resulted in huge losses for retail investors ― should provide compensation of up to 70 percent of their losses.
The order came prior to the calculation of the exact amount of losses incurred from the funds was confirmed. The FSS was aiming to reach a prompt resolution to the situation caused by the mis-selling of the problematic fund's products as soon as possible for the sake of victims who were also losing opportunity costs due to losses suffered from the funds.

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